The quiet catalyst
Financial Express Chandigarh|December 28, 2024
Dr Singh demonstrated that effective leadership stems from competence, integrity, and a genuine concern for the welfare of all
S RAMADORAI

AS THE NATION mourns the passing of former Prime Minister Dr Manmohan Singh, I reflect on my professional and personal association with him. His demise marks the loss of a visionary economist, a statesman, and a leader whose humility and grace distinguished him in public life. Having witnessed his leadership up close, I am reminded of the profound impact of his intellect and values on the nation's journey.

Having been associated with the technology sector since the 1970s, I vividly recall the challenges we faced in hardware and technology imports. The economic liberalisation of 1991 came as a transformative moment that few could have imagined. What was once a herculean task—even importing basic computing equipment—gave way to an era of unprecedented growth. Today, that same sector has grown from a mere $150 million in 1991 to over $245 billion in annual revenue, employing 5.4 million directly and creating indirect employment for over 10 million Indians. The reforms did not just open up the economy; they unleashed India's entrepreneurial spirit, putting the nation on the global map and creating opportunities for youths across the length and breadth of the country.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS CHANDIGARHView all
Financial Express Chandigarh

Musk, Altman spar over $100-bn AI venture hyped by Prez Trump

ELON MUSK OPENLY questioned whether companies that joined President Donald Trump's announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

After NSA, foreign secretary to visit China on January 26-27

MOVING TO RESUME bilateral engagements after the disengagement at the India-China border, foreign secretary Vikram Misri will travel to Beijing on January 26-27 for a meeting of the \"foreign secretary-vice minister mechanism between India and China\".

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

Ujjivan SFB Q3 profit slumps 64% to ₹109 cr

UJJIVAN SMALL FINANCE Bank on Thursday reported a 64% decline in its net profit to ₹109 crore for the third quarter amid a spike in bad loan provisions and higher interest expenses.

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

Maruti Suzuki cars to cost more from Feb 1

MARUTI SUZUKI INDIA on Thursday said it will hike prices by up to ₹32,500 across various models from February 1 to partially offset the rise in input costs.

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

West Asia and North Africa Top Market for Engineering Exports

WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

$100-bn court challenge for Goldman and friends

BANKS ARE USED to fending off litigation.

time-read
3 mins  |
January 24, 2025
Financial Express Chandigarh

Real Madrid Is First Club To Top $1-Bn Revenue

REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.

time-read
1 min  |
January 24, 2025
Financial Express Chandigarh

Gaza ceasefire puts Netanyahu in tough spot

EVEN BEFORE IT WAS signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.

time-read
1 min  |
January 24, 2025